Ratings

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15 February 04:18 AM MubasherTrade recommends buy on El-Shams
Cairo - Mubasher: MubasherTrade Research has initiated coverage on the stock of El-Shams Housing and Urbanization with a Buy/Moderate Risk rating, according to a note issued on Wednesday. The research firm also set the stock's price target (PT) at …
There were no amendments on MSCI Saudi Arabia Small Cap Index.
13 February 02:19 PM MSCI removes SAIB from Saudi index for leading companies
Riyadh – Mubasher: Morgan Stanley Capital Index (MSCI) announced removing the Saudi Investment Bank (SAIB) from MSCI Saudi Arabia Index for leading companies. There were no amendments on MSCI Saudi Arabia Small Cap Index. MSCI Index for leading …
The bank has moved up four places
13 February 01:34 PM Emirates NBD tops The Banker brand list
Dubai - Mubasher: Emirates NBD on Tuesday announced that it has come first in The Banker’s annual brand valuation league table, with a $3.534 billion brand valuation. The Dubai Financial Market (DFM) listed bank has moved up four places from its …
Regulators have enhanced their monitoring and supervision methodologies
12 February 12:46 PM GCC gov'ts far from resolution regimes for conventional, Islamic banks - S&P
Mubasher: GCC banks adopt many of the best practices and international regulations when they are put into effect, but the region's governments take a long time to implement resolution regimes, S&P Global Ratings said in a report on Monday.   On …
Qatar’s ratings can be lowered
10 February 12:53 PM S&P Global affirms Qatar at 'AA-/A-1+' with negative outlook
Doha – Mubasher: S&P Global on Saturday affirmed Qatar’s long and short-term foreign and local currency sovereign ratings at 'AA-/A-1+' with a negative outlook. The Qatari government has utilised several fiscal assets to offset the impact of the …
Bank Al Jazira’s loans are forecast to increase to SAR 41.78 billion in 2018
6 February 03:38 PM KSA's upgrade to MSCI Emerging Markets is boon for Bank Al Jazira
Riyadh – Mubasher: Bank Al Jazira is forecast to benefit from the projected increase in the trading volumes of the Saudi stock market and further injection of liquidity, in line with listing the Saudi Stock Exchange (Tadawul) on MSCI Emerging …
Operation income of the kingdom's ninth-largest bank by assets may rise to SAR 4.96 billion in 2018
6 February 12:59 PM Alinma Bank’s profit to grow 20% in 2018 – Report
Riyadh - Mubasher: Alinma Bank’s performance is forecast to see further improvement in 2018, encouraged by the growth of net commissions of all operational activities as the Saudi government continues issuing bonds during the year, Alistithmar …
This recognition reflects the lender’s strong performance
4 February 01:02 PM QNB most valuable banking brand in MEA region
Mubasher: Qatar National Bank (QNB) on Sunday announced that the bank was recognized for the second time as the most valuable banking brand in the Middle East and Africa (MEA) region. Brand Finance Global, the world’s leading brand valuation …
Orient and Oman companies topped A.M Best’s list.
4 February 10:59 AM A.M. Best affirms UAE’s insurance firms’ ratings with stable outlook
Dubai – Mubasher: A.M. Best Company has affirmed its ratings on UAE-based insurance companies with robust financial strength and stable outlook, according to a report released on Sunday. With ‘A’ rating, Orient and Oman companies topped A.M Best’s …
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3 February 05:41 PM S&P reiterates Kuwait 'AA/A-1+' ratings; outlook stable
Mubasher: Standard and Poor's (S&P) Global Ratings affirmed Kuwait’s long and short term foreign and local currency sovereign credit ratings at 'AA/A-1+'. Kuwait's large government and external net asset positions will continue to afford the …
Saudi banks’ liquidity rises in 2017, deposits see subdued growth – Moody’s
1 February 02:51 PM Saudi banks’ liquidity rises in 2017, deposits see subdued growth – Moody’s
Riyadh – Mubasher: Saudi banks’ domestic liquid assets surged 11% to SAR 457 billion by the end of 2017, in spite of subdued deposit growth and challenging business conditions, a credit positive, Moody’s said in a report on Wednesday. Over the …
The CI also stated that the UAE’s economic outlook was stable
21 January 11:34 AM Capital Intelligence maintains stable outlook on UAE economy
Dubai – Mubasher: Capital Intelligence Ratings (CI Ratings) on Sunday announced that it has affirmed the UAE’s long-term foreign and local currency ratings at 'AA-', and the country’s short-term foreign and local currency ratings at 'A1+'. The …
Fitch expected that the ratio of non-oil deficit to non-oil GDP will slash marginally to 36.6%.
18 January 06:07 PM Saudi fiscal reforms to boost revenues – Fitch Ratings
Riyadh – Mubasher: Saudi Arabia's recent fiscal procedures will increase the government's revenues sustainably, Fitch Ratings said on Thursday in a report. The kingdom's higher spending shows that commitment to consolidation is restricted by the …
Moody's sees a broadly stable outlook for sovereigns ratings in the Levant and North Africa
18 January 11:51 AM Moody’s forecasts MENA region stability in 2018
Mubasher: Moody's Investors Service believes that the 2018 outlook for sovereign ratings in the Levant and North Africa region is broadly stable. The outlook is reflecting the improved global growth dynamics, ongoing structural reforms, and …
"Greater participation of the shadow economy will significantly slash government debt/GDP"
17 January 03:55 PM Egypt's outlook rating revised to ‘Positive’ - MERIS
Cairo - Mubasher: Egypt's government must take further steps towards the engagement of the informal sector into the formal economy, which in return will boost the country's gross domestic product (GDP), chairman of Middle East Rating & Investors …
The upgrade succeeded DSI’s inclusion in the MSCI GCC Index
17 January 10:41 AM FTSE Russell upgrades DSI’s weight on positive December review
Dubai – Mubasher: Drake and Scull International (DSI) on Wednesday announced that the foreign ownership limit (FOL), which is used to calculate its free float weight on the FTSE Russell Index, had grown to 39% after the release of December 2017 …
Fitch expected that continued fiscal consolidation would result in reducing government debt/GDP
16 January 07:30 PM Fitch upgrades Egypt's outlook to 'Positive' from 'Stable'
Cairo – Mubasher: Fitch Ratings on Tuesday has upgraded Egypt's outlook to ‘Positive’ from ‘Stable’, while maintaining the North African nation's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B'. The international rating agency said …
Moody's assigns negative outlook for GCC’s sovereign ratings in 2018
15 January 01:40 PM Moody's assigns negative outlook for GCC’s sovereign ratings in 2018
Mubasher: Moody’s Investors Service on Monday has maintained negative outlook for the GCC’s sovereign ratings in 2018. The 2018 outlook reflected GCC members’ muted economic growth, geopolitical disputes in the region and structural challenges, …
The international agency may further reduce its ratings for Doha
14 January 06:35 PM S&P affirms Qatar’s ratings at 'AA-'; outlook "Negative"
Mubasher: Standard & Poor's (S&P) Global Ratings on Sunday affirmed Qatar’s long-term ratings at" AA-" with a negative outlook. The international agency may further reduce its ratings for Doha if the diplomatic dispute with the Gulf has weighed on …
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13 January 04:53 PM S&P maintains Abu Dhabi rating
Mubasher: Standard and Poor's (S&P) Global Ratings has affirmed its AA/A-1+ sovereign credit rating for Abu Dhabi, with a stable outlook, according to a report issued on Friday. “The stable outlook on Abu Dhabi reflects our expectation that …
The target price of Human Soft was set at KWD 6
11 January 05:11 PM Hermes Financial recommends “Buy” on 3 key Kuwaiti firms
Mubasher: Hermes Financial Group has recommended investors to perform purchasing transactions on three leading stocks listed on Boursa Kuwait. The stocks are the National Bank of Kuwait (NBK), Zain, and Human Soft, according to a recent report. …
MFS sets Al Babtain’s PT at SAR 35.59, recommends ‘buy’
9 January 03:31 PM MFS sets Al Babtain’s PT at SAR 35.59, recommends ‘buy’
Riyadh – Mubasher: Mubasher Financial Services (MFS) has given a ‘buy’ recommendation to Saudi-listed Al Babtain Power and Telecommunication’s stock, citing strong performance and healthy cash flows. MFS opened a position on Al Babtain’s stock …
The rise of oil prices and generating new non-oil revenues will enable the Saudi government to continue raising spending
8 January 11:04 AM 4 factors to set Tadawul’s performance in 2018 – Report
Riyadh – Mubasher: Al Rajhi Capital on Monday said that four factors, including the rise of spending, putting the value added tax (VAT) into effect, the increase of electricity and fuel prices, would impact on the Saudi Stock Exchange’s (Tadawul) …